Turnover: 5.60 times
Days sales in accounts receivables: 65 Days.
Explanation:
Calculation of Days Sales in Accounts Receivable = 365 / Turnover
Turnover = Sales / Average balance of trade receivables*
Average balance of trade receivables = (Closing Balance + Opening Balance) / 2.
Turnover: 1,400,000 / {(200,000 + 300,000)/2} = 5.60 times
Days sales in accounts receivables: 365 / 5.6 = 65 days
it is b
explanation:
i think it is b due to my previous studys